Tempest Minerals (TEM) has increased its mineral exploration landholding in the Yalgoo region of Western Australia by 195 square kilometres.
The company’s holding in the area now stretches across more than 1000 square kilometres through the acquisition of five “highly-prospective” licences adjoining existing projects.
The tenements comprise three exploration licence applications, one prospecting licence application, and one granted exploration licence, acquired for $45,000 in TEM shares.
The company said this solidified TEM as the “dominant regional explorer” of the area, boasting around 25 per cent of the regional landholding.
Three of the recently acquired exploration leases further extend the company’s flagship Meleya project along strike to the southeast, where TEM recently completed fieldwork, including multiple drill programs and large-scale soil sampling.
Tempest told investors it feels the region remained underexplored and, on the back of strong 2022 exploration results, hosted the opportunity to hold major discoveries.
Read the full The Market Herald article.
